WEEKLY MARKET DIGEST: FOR A CHANGE GOLD FALLS IN EUROPEAN TRADING $GLD $SLV $USO $DIA $SPY $QQQ $TBF $TBT
(The Weekly Digest reproduces the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers.) FOR A CHANGE GOLD FALLS IN EUROPEAN TRADING April 12, 2013 For the last two years, vast majority of big moves in gold have been the result of the battle between the momo crowd and Smart Money in North America. So far today has been different. There is aggressive selling coming from Europe. The selling may have something to do with Cyprus’ decision to sell excess gold reserves. Core Producer Price Index (PPI) was a little